Director, Alternative Investments

Fidelity Investments•Westlake, TX

4d•Onsite

About The Position

The Director of Alternative Investments is a member of an investment oversight team working on behalf of the charity and will manage a team of deal support professionals who are responsible for the timely and accurate intake and execution of private equity, real estate, private credit, hedge funds, and other alternative and non-traditional investments. This individual will be responsible for furthering the scale, efficiency, and risk management controls of this function. This individual will also be expected to be a subject matter expert in alternative investments and represent the Charity in working directly with external advisors and donors. This individual will be expected to work closely with internal partners, external fund managers, general partners, and custodial staff to support the timely review and execution of alternative investment transactions. This position requires strong expertise in alternative investments and their role in a diversified portfolio. This role also requires strong communication skills, attention to detail, positive professional attitude, and ability to work in a dynamic team environment.

Requirements

10+ years’ experience in alternative investments or private markets front or middle office, or in an investments role with demonstrated ability to gain client trust
Demonstrated ability to lead a team; direct experience in people management strongly preferred
MBA or graduate degree in finance, economics, or related field
Strong understanding of alternative investments, including private equity, real estate, private credit, hedge funds, and other non-traditional investments
Deep understanding of investment offering materials, including limited partnership agreements and subscription documents
Experience with investment and operational due diligence.
Strong analytical skills; excellent verbal and written communication skills
Experience identifying and maintaining sound internal controls and data quality environment.
Superb work ethic, attention to detail, team orientation, and commitment to excellence
Strong interpersonal skills, and ability to form and maintain strong business relationships.

Nice To Haves

CFA and/or CAIA, or progress towards these certifications is preferred
Experience with Advent, Bloomberg, and alternative investment third party services is a plus.

Responsibilities

Manage a team of deal support professionals who are responsible for the timely and accurate intake and execution of alternative investments.
Embrace technology and risk management to further the scale, efficiency, and control environment of the deal support function, as well as hand offs across the team.
Works with management to identify and implement strategic initiatives to mitigate risk, improve service quality and operating efficiency, and optimize costs.
Support new and existing advisor and donor relationships though consultative and solution-oriented discussions with advisors, donors, and with internal stakeholders (relationship managers and fundraisers)
Review proposed new alternative investments by applying a compliance-based lens against a set of established investment policies and guidelines.
Provide transaction support and oversight through analyzing, onboarding, and maintaining complex, non-traditional investments that involve non-standard contracts, investment execution, wire instructions, valuation support, investment and operational due diligence reports, and documentation.
Collaborate with internal legal and tax teams as needed to support a transaction.
Serve as operational support for organizational strategic and departmental initiatives and projects.
Work collaboratively with internal auditors and other operation heads in developing and maintaining a strong control environment.
Provide in-depth analysis of portfolio and fund performance, risk, cash flows, and underlying fund and company investments.